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September 28, 2007

Send & Receive payments via Paypal in the Philippines


Sign up for Paypal in the Philippines!. You can withdraw an amount not exceeding $500 per month to any debit, credit card or directly into your Philippine bank accounts. You will just need the bank codes and savings account number.

At long last, Paypal’s promise to allow receiving funds into Philippine accounts have been fulfilled. Just today, reports have been circulating in the previous post here about the development.

I did a money transfer from an old and verified Premier account into my new Philippine Paypal account and it works. From the Paypal Help Pages, the Philippine flag is now displayed under “Send. Receive. Withdraw to a U.S. Bank Account or a card.” along with 22 other countries.

Paypal Philippines

The new status allows for: Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account. In addition, withdraw to a credit, debit, or prepaid card in countries marked with a (dagger). No withdrawals from local banks still though. And no cheques too.

Send Paypal

I believe this development will further push activity in eBay Philippines as well as enable eBay users to get more secure transactions. The question whether eBay PH will start charging monthly subscriptions is yet to be seen but I suppose that time might have already matured.

It would be very interesting to see how this new development will affect the local e-commerce industry as well as Filipino’s socio-cultural fear of transacting online. I’m sure SMEs will be very happy with this though. Paypal only started allowing Philippine-based accounts about 11 and a half months ago and reports of a rumored full Paypal support were spreading 9 months ago.

So, if anybody wants to donate money to the YugaTech Sponsor-a-Contest campaign, see my Paypal account above. ;)

Manager, Ops Support (Philippines) : PayPal
Paypal in the Philippines via Xoom
List of Banks with Paypal Withdrawal Fees

309 Responses to “Send & Receive payments via Paypal in the Philippines”

  1. jean says:

    i have bdo bank acount and i want to signing up but paypal wont accept my card number.wat i need to do?

  2. i want to transfer my paypal account into my bank account

  3. ayen says:

    i have also a bfi account how i can get to transfer to paypal account so that i can get the money into my BPI ACCOUNT…..

  4. Wekiva River says:

    I’m really enjoying the design and layout of your site. It’s a very easy on the eyes
    which makes it much more pleasant for me to come here and visit more often.
    Did you hire out a designer to create your theme? Excellent work!

  5. Joseph
    Twitter: otep_enmanuel
    says:

    For those looking for paypal bank codes, please visit this link: http://otepsphere.com/paypal-bank-codes-philippines/

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Abe is the founder and Editor-in-Chief of YugaTech. You Can follow him on Twitter @abeolandres.

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